Top 5 Stock Picks for Potential Gains Up to 11% This Tuesday
Market Trading Guide: 5 stock ideas for gains up to 11% on Tuesday
The Economic Times
Image: The Economic Times
With the Nifty index showing resilience after recent political victories in India, analysts recommend five stocks for potential gains of up to 11%. Key stocks include Urban Company, Blue Jet Healthcare, and Adani Ports, each displaying strong bullish trends and positive momentum.
- 01Nifty index closed near 24,110, with key support at 24,000.
- 02Urban Company expected to rise 10% with a target of ₹165.
- 03Blue Jet Healthcare shows potential for an 11% gain, targeting ₹520.
- 04Adani Ports has a bullish breakout, targeting ₹1,875 with a 7% upside.
- 05Laurus Labs is also recommended with a target of ₹1,245, indicating a 7% upside.
Advertisement
In-Article Ad
The Nifty index ended higher at 24,110 after the BJP's electoral victories in West Bengal, Assam, and Puducherry. Analysts suggest that a decisive breakout above 24,200 is crucial for further upward movement towards 24,500. Nilesh Jain, Vice President at Centrum Finverse, notes that the index's support levels are at 24,000 and 23,900. Amidst this market backdrop, five stocks are highlighted for potential gains:
1. Urban Company (buy at ₹148-150, target ₹165, upside 10%): The stock shows signs of a trend reversal with strong volume support.
2. Blue Jet Healthcare (buy at ₹475-470, target ₹520, upside 11%): A strong consolidation breakout indicates continued bullish momentum.
3. Adani Ports (buy at ₹1,747, target ₹1,875, upside 7%): The stock has broken out of a consolidation range with strong institutional support.
4. Laurus Labs (buy at ₹1,165, target ₹1,245, upside 7%): The stock is in a well-defined uptrend, showing strong bullish momentum.
5. CDSL (sell at ₹1,243, target ₹1,210, downside 3%): The stock has broken below key support levels, indicating a negative bias.
These recommendations reflect a positive market sentiment and potential for gains in the near term.
Advertisement
In-Article Ad
Investors may find opportunities for gains in the stock market, particularly in sectors like technology and healthcare, which could influence their investment strategies.
Advertisement
In-Article Ad
Reader Poll
Do you plan to invest in the recommended stocks this week?
Connecting to poll...
Read the original article
Visit the source for the complete story.